Home   >>    Loan   >>    Home Loan   >>     Overview
Get Home Loan Offers
A maximum of 5 providers will compete to give you the best rates (Sep 2016)
 
 
 
Yes No    
 

Preferred Banks
  •  Any 5
  •  INDIABULLS
  •  ICICI BANK
  •  HDFC
  •  AXIS BANK
  •  KOTAK BANK
  •  DHFL
  •  STAN CHART
  •  HSBC
  •  CITIBANK
  •  RELIANCE
  •  IDBI BANK

 
 
 
 
 
 

I authorize the website and its partner providers like HDFC Ltd, ICICI Bank, DHFL and other banks/NBFCs to call or SMS me in connection with my application & agree to the Privacy Policy and Terms of use

Bank credit decline continues- RBI weekly statistical supplement

Bank credit decline continues- RBI weekly statistical supplement

Apnaloan.com Research Bureau

09 May 2008

According to the weekly statistical supplement of the Reserve Bank of India (RBI), the bank credit for the period 10-25 April, 2008 was down by Rs. 11,964 crore.

This is a continuation of the trend wherein the bank credit declines in the first quarter of a financial year which begins in March.

One of the reasons for the decline is the huge build-up in loans that takes place in the last fortnight of every fiscal (March end).

Bank loans are growing at 23 per cent year-on-year and match the deposit growth which is currently at almost the same level.

RBI had projected a growth of 20 per cent in credit and 17 per cent in deposits in this fiscal, 2008-09. These projections are in line with the lowered growth expectations of money supply at about 17 per cent in this fiscal compared to about 21 per cent last fiscal.

Know more about home loans on www.apnapaisa.com/loan